S&P 500 Daily Perspective for Fri 20 Dec 2024

GDR Model Performance

Please see the Performance page for more detailed performance numbers, how they’re calculated and a chart.

GDR Model Outlook

The GDR Model is mostly bearish. The model had been picking up on underlying weakness in the market on the Short-Term timeframe over the last several days. Yesterday that finally came to fruition as the Volatility Outlook deteriorated significantly intraday.

Note on the Fundamentals Outlook (as of 17 June 2024):

for the first time in a while the model showed stocks as being richly valued (i.e. overpriced). Note that this is just a barometer to help guide longer-term decision-making rather than short-term market timing.

GDR Model Position

The GDR Model is keeping its modest short position. It will probably won’t add to the short unless the market weakens materially on the Long-Term timeframe.